Monero: new long positions wait for backtest old resistance

Monero took out the old resistance at approx 0.025 with a bang on news it will get listed on Korean exchanges. It didn't bother to look back very much, just went for the moon :) In this proces RSI has formed a beautiful example of batmansears (double peak). Look for RSI to fall in the coming days and Monero to test the old resistance line. It is a horizontal line that has served as tough resistance in the past.. and it would surprise me if Monero does not give it the courtesy of a short revisit. Expect the line to serve as support this time and for Monero to continue its travels upwards after a succesfull test.. But don't act until the backtest has been succesfully performed, a break would give more downside potential.
React don't anticipate!

تعليق:

A very modest backtest seems to have been performed. Monero looking very strong considering current market conditions. Failed backtest seems very unlikely.

أغلقت الصفقة: تم الوصول للهدف:

Backtest completed.. up we go!